PUNE: Sugar mills in Maharashtra have said that their counterparts in Uttar Pradesh will reap the benefits of the increase in prices without equally sharing the losses on account of the exports mandated by the central government. 

An executive from a cooperative sugar mill in the state said his company would have gained had it not exported the commodity when prices were below Rs 25 per kg. 

"The domestic prices have risen above Rs 30 per kg and are expected to rise further...The UP mills should be asked to sell their own sugar although it means bearing some losses on transport cost, because they will equally benefit when prices go up due to exports," said the miller, requesting not to be named. UP mills sell their export quota to traders since their transport cost till port is higher. Sugar futures prices have shot up Rs 500 per quintal in the past two months. The current prices for March contract are aboutRs 3,250 per quintal, about the level seen in August-September 2014.